Common use of Payments on Principal Clause in Contracts

Payments on Principal. (a) The Borrower shall pay in full to the Lender the outstanding principal amount on the Loan, together with all accrued and unpaid interest thereon and any other accrued and unpaid Obligations (including, in the case of clause (ii) below, any Prepayment Fee), on the earliest to occur of: (i) the Maturity Date; and (ii) the date of the acceleration of the Obligations pursuant to Section 11.2 of this Agreement. (b) On each Interest Repayment Date, commencing with the Interest Repayment Date falling on June 30, 2015 and in addition to the interest payments set forth in Section 4.2, the Borrower shall pay to the Lender on account of principal of the Loan the amount set forth on the Repayment Schedule. (c) All payments to be made by the Borrower to the Lender hereunder shall be made to the Lender by wire transfer in accordance with the wire instructions given by the Lender to the Borrower in writing from time to time.